banking sectors to domestic government debt, thus strengthening or weakening the sovereign-bank nexus. To do so, we construct … banks’ exposure to domestic sovereign bonds in the periphery countries and thus deepens the sovereign-bank nexus. By …

constrained through the U.S. bank stress tests, reflected in a lower minimum capital ratio in the severely adverse scenario. This … bigger capital buffer. We conjecture that bank lending to emerging markets during the zero-lower bound period would have been …

quasi-exogenous increases in bank size in postwar Germany. I show that firms did not grow faster after their relationship …, but worked with riskier borrowers. Bank managers benefited through higher salaries and media attention. The paper presents …

Central bank digital currencies (CBDCs) are receiving more attention than ever before. Yet the motivations for issuance … policy stances on issuance, relying on central bank speeches and technical reports. Most projects are found in digitised … which the CBDC is a direct cash-like claim on the central bank, but where the private sector handles all customer …

climate policies in the world economy with international trade and financial flows. We develop a two-sector, two …

This paper analyzes the implications of the gradual rise in bank concentration since the 1990s for the transmission of … the level of local bank concentration and bank capitalization. I find that banks operating in high-concentration markets … in local deposit and loan markets, along with bank capital requirements, lead to frictions on the pass-through to the …

capital standards, and cost of bank equity determine credit reallocation, sectoral expansion and trade patterns …

We analyze the microeconomic determinants of cross-border bank acquisitions in 16 transition economies over the period …

externalities between the two countries arise from cross-border bank ownership. The two countries face (i) a regulatory decision of … contrast, bailout policies are centralized only when international spillovers from cross-border bank ownership are strong, and …